RBC Capital analyst Scot Ciccarelli raised his price target on Lowe's to $129 and kept his Outperform rating, saying that after "volatile, comedy-of-errors" Q1, its management appears to have addressed the company's major challenges. The analyst notes that the management continues to make the necessary improvements to generate sales activity in Lowe's Pro business, which he sees as "key" to its turnaround efforts. Based on the "stable" home improvement environment and the company's margin expansion potential, Ciccarelli is positive on Lowe's shares.